**Aircraft**


The Aircraft was acquired
by Minsheng pursuant to the Purchase Agreement, and includes relevant parts and files.



**Purchase, Delivery
and Registration of the Aircraft**


Minsheng’s actual
costs under the Agreement is RMB215.4 million, subject to changes in the exchange rate and other changes. Minsheng shall provide
written notice to Henan Xinyuan 30 days prior to the delivery of the Aircraft by the Supplier. Both Parties shall attend the inspection
at the time of the delivery, and Henan Xinyuan may instruct Minsheng to accept or refuse to accept the delivery pursuant to the
Purchase Agreement. Upon acceptance of the Aircraft, Minsheng shall deliver the Aircraft to Henan Xinyuan immediately at the same
place. Henan Xinyuan shall assist Minsheng in handling the various registration formalities of the Aircraft within 30 days of acceptance.
Henan Xinyuan undertakes to maintain the Aircraft in good condition and ensure that there is no unpaid fees incurred or liens on
the Aircraft.


 


**Quality, Warranty
and Compensation**


Minsheng does not provide
any warranty to the condition, design, fitness for sale or operation or proprietary rights (including intellectual rights) of the
Aircraft so long as Minsheng accepts the Aircraft from the Supplier solely under the instruction of Henan Xinyuan. Any indemnity
and warranty claims shall be made by Henan Xinyuan to the Supplier, and Minsheng is not liable for any such claims. Henan Xinyuan
shall be entitled to all of Minsheng’ rights under the Purchase Agreement relating to product services and Minsheng shall
duly assign such rights upon the execution of the Agreement.






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